According to the study “Industrial Robots for Automotive Industry: Global Market 2016-2022”, majority of the automobile industries worldwide are deploying lean and flexible manufacturing processes which are fuelling the growth in industrial robots for automotives market. These procedures coupled with robotic automation have resulted in less wastage of raw materials without compromising on the productivity. Global automotive industries are continuously competing on parameters such as cost, quality, reliability, and reduction in manufacturing cost. The deployment of industrial robots programmed with modern manufacturing techniques has witnessed a significant rise in industrial robots within the automotive sector.

Leading manufacturers of industrial robots in automobile industry are moderately fragmented due to more national and international players. The manufacturers are focusing on incorporating advanced software to improve programming and developing application-specific software. Increasing in original equipment manufacturers, huge investments, new automobile establishments are propelling the growth of industrial robots for automotive industry market over the next few years. The leading players within the global industrial robots for automotive industry are ABB Ltd., Fanuc Corp., Kuka AG, Yaskawa Electric Corp., Adept Technology Inc., Denso Wave, Epson Robotics, Kawasaki Robotics and Mitsubishi Electric Corp. Evolution of fourth industrial revolution is coupled with Internet of Things (IoT) and Artificial Intelligence (AI). Therefore, majority of the global industrial robotics manufacturers are incorporating advanced technologies such as asset management, equipment, process efficiency optimization, and cost reduction. Cloud computing is used to record data flow from industrial robots and external devices for more efficient productivity and storage. Geographically, global industrial robot for automobile industry market is spread across the Americas, Asia-Pacific, EMEA and rest of the world. Asia-Pacific deploys more number of industrial robots for their automobile industries due to increasing automobile manufacturing establishments and tremendous revenue generated. Continuing industrialization in China, Japan, South Korea, Taiwan, and India are the major contributors for the growth in industrial robots market. Major end-users in industrial robots for automotive industry are vehicle manufacturing, component manufacturing, and others. Articulate robots, Cartesian robots, SCARA robots, cylindrical robots, polar robots, delta robots, parallel robots and others are the various types of industrial robots available within the automotive industry around the world.

Evolution in technology coupled with the need to refurbish the existing global manufacturing facilities is expected to drive the market for industrial robots. However, the lack of awareness about various newer technologies may restrain growth of the automobile industrial robots market. Other drawbacks include huge investments required for the adoption and transformation of old systems and cyber risks due to integration of technology which drives the market vulnerable over a period of time. Considering multiple factors, global market for industrial robots for automotive industry will witness a drastic growth over the next few years.